2merkato

Ethiopia's Dashen Bank announced a 100 million birr (close to $3.15 million) initiative aimed at creating employment opportunities.

Dashen Bank launched a credit transaction service called Dube Ale in collaboration with Eaglelion System Technologies which would allow the bank’s customers to pay for their purchases within three, six, and twelve months after the date of purchase. The service is available with and without interest.

Dashen Bank has introduced a new digital fuel payment feature through its Super App, enabling customers to pay for fuel at selected gas stations.

Dashen Bank has officially launched a new service enabling customers to safely deposit valuable assets, including gold, precious metals, securities, pearls, passports, marriage certificates, and other important items.

The bank announced that the service was particularly tailored to meet the needs of customers in the mining sector, though it was also open to both individual and institutional clients. Customers can rent safety deposit boxes of various sizes based on their specific requirements.

Ato Andualem, Director of the Treasury Management Department at Dashen Bank, stated that the decision to launch the service came in response to repeated customer requests over time. He noted that the storage system had been developed with high-security features that the bank has refined over the years.

To access the service, customers must visit their nearest Dashen Bank branch or district office, complete the necessary formalities, and then proceed to the head office. According to the bank, clients who register for the service will also be issued a dedicated identification card for secure access.

Source: Sheger FM 102.1

Dashen Bank posted 606.7 million birr profit after tax for the 2012/13 fiscal year, a seven percent decrease from a year earlier, Fortune reported.

The Bank has reported a gross income of 1.817 billion birr – an increase of 5.3pc, earning per share of 823 birr.